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20121121
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Search Results 0 to 46 of about 47 (some duplicates have been removed)
CNBC
Nov 21, 2012 5:00pm EST
be concerned about the fiscal cliff. >> and the feds shown that they have a lot of demand. >> whether it is deal or no deal let's bing in chief economist and strategist. good to see you. >> thanks for having me on. >> it is hard to believe there is a fiscal cliff proof portfolio but you have somehow put it together. part of that is dividend growth. >> it's the past tax shifts at a lingering impact. there could be a pack. what matters the most is what the fed is going to do. if the fed is going to keep interest rates close to zero for at least the next, say, three years that is going to continue to push the income equity segment of the market higher over time. i think the one thing that the fed has done, the fed can't control corporate earnings. they have taken a lot out of the markets. i think the strategy that we have we don't have clarity. it means long short strategies are going to make imminent sense. it will remain very good places to be and i think it will look better after tax than if we were getting cash. >> we have people reaching for gold at this point. you like the gold min
PBS
Nov 20, 2012 4:30pm PST
reserve chairman ben bernanke warns congress to avoid the fiscal cliff, saying even the federal reserve doesn't have the tools to deal with the consequences. >> tom: i'm tom hudson. this man has many lawmakers pledging never to vote for higher taxes. find out what grover norquist thinks will happen with the fiscal cliff. >> susie: and hewlett packard stuns investors with news of an $9 billion mistake. >> tom: that and more tonight on nbr! >> susie: federal reserve chairman ben bernanke came to new york city today to send a tough message back to washington-- get your act together. he urged lawmakers and the white house to reach a quick deal to avoid the fiscal cliff, saying it might mean next year could be "a very good one for the economy." ben bernanke didn't endorse any specific tax or spending policies to solve the fiscal cliff, but he urged lawmakers to think creatively. he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were a
FOX Business
Nov 21, 2012 4:00pm EST
cliff. the markets were kind of a honeymoon today. where the traders not concerned about the fiscal cliff? what went on? >> the fiscal cliff was so widely expected is becoming a non-event at this point. the market managed to eke out a gain today. the european issue is also something on the traders minds. the emergency meeting monday, we have to resolve issue with grief that will be firs first and fort on their minds into next week. david: they're never going to resolve that issue. it will never, ever happen. i don't think they will resolve it. you bring up a great point because if worst-cas worst caseo we go over the fiscal cliff and all of those tax changes expire, we will see a tripling of the dividend tax. if that happens, so many people invested right now, you said some of them might change from issuing dividends to buying back their stocks, right? >> that will be the tax efficient way people will return money, cash to shareholders. taxes on dividends are likely to go up, so that could be more efficient place. a dividend issue we have talked about before overplayed maybe an over
FOX Business
Nov 20, 2012 9:00pm EST
all of this. ben bernanke has strong words for lawmakers and the president fixing the fiscal cliff now or else. details next. gerri: fed chief ben bernanke gettingiving a big speech in ne gerri: federal reserve chairman ben bernanke speaking today at the new york economic club in new york city, and his message to lawwakers in washington, fix the fiscal cliff and don't kick the can down the road. the commons the fed chief has everybody talking. john, always great to see you. i want you to respond to something the fed chairman had to say this afternoon. listen to this. >>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded every
KCSMMHZ
Nov 21, 2012 6:00am PST
of the year. that's to avoid a fiscal cliff which may result in a significant reduction in defense spending. the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish trade. sales to foreign countries have plunged leaving japan in a trade deficit for the fourth straight month.
CNBC
Nov 21, 2012 12:00pm EST
% nominally. you've got the fiscal cliff could be another 4% off that, taking it right down to zero. i don't think they'll do the whole thing. i'm interested in steve's view of this. i think they'll do about 1.5%. but that brings you from four to 2.5. you're down to a half a percent growth. that's not very much and i think earnings are going to struggle in that environment. >> i think you have the math right, byron. as usual. let's just do it another way. the fed is purchases $85 billion of long-term securities every month, what we're talking about here is off setting. there are four or five percentages points. any trader who did a simple math could have figured out, the market was -- which is how you make your money, the market isn't paying attention. >> and let me preface by we'll throw up a chart of what happened yesterday in the market when the fed chairman seemed to say they didn't have the tools, the market fell off a mini cliff and slid down about 70 points. i just put that into context as you answer the question. >> i think that people are expecting too much out of bernanke because
MSNBC
Nov 21, 2012 6:00am PST
't want to tip them off. we need to let this go. the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste, fraud and abuse. is there enough revenue from waste, fraud and abuse and m medicare to get the type of serious deficit reform needed to bring down the $16 trillion debt? >> well, you know, i think anytime you're talking about a deficit, there's two ways to bring it down, and i know you know this well. you're either going to raise revenue or have cuts, and i would continue to argue for a balanced approach which means i do think you can find savings in both programs. but what i'm concerned about is what the real agenda is and the real agenda, in my opinion, is to
FOX Business
Nov 20, 2012 7:00pm EST
investors no favors real acquainting them instead with the scary parts of the fiscal cliff story. the federal reserve chairman spooking investors saying that the bank would not have infinite ability to address the fallout from the failure to avoid going over the so-called fiscal cliff. the dow jones industrial today losing seven points, s&p, nasdaq up fractionally. president obama returned to the white house after a three day trip to -- through southeast asia with stops in cambodia, thailand, and burma. the president takes part in a yearly presidential tradition. the parting of the national thanksgiving turkey in the rose garden. the prime minister of israel reiterating tonight that the cease-fire deal has been reached he told reporters that israel will take whatever action is necessary to defend its people but stated a diplomatic resolution would be preferred. joining as, fox is national-security analyst, former ambassador to the united nations. let me turn to you first. is it your sense that a deal has been reached between hamas and israel? >> because israel has accomplished th
CNBC
Nov 21, 2012 6:00am EST
the fiscal cliff, that once again put pressure on the markets. that's when things turned down yesterday. you'll see in europe, barely budging at this point. in france, the cac is up by about a point. the ftse is down by less than five points. in germany, the dax is up by less than three points. overnight in asia, you'll see that in japan, the nikkei was up by about .8 of a percent. the shanghai composite up by about 1%. the hang seng was up by 1.4%. oil prices also up slightly, up about 72 cents. not near the higher levels that we had seen because of the concerns in the middle east. 84.7 is where wti stands. the ten-year note is yielding 1.661%. we do have those numbers coming out. the dollar sup across the board. euro is at 1.28. gold prices this morning are indicated up just barely up by about $2.60. >>> let's go across the pond. ross westgate is standing by for us in london. ross, good morning to you. >> good morning, andrew. good to see you ahead of thanksgiving. becky called it. we're pretty flat here in europe. the dow jones being outpaced a little bit more. as you say, the focus very
CSPAN
Nov 21, 2012 7:00am EST
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
CNBC
Nov 21, 2012 3:00pm EST
. with all these variables, elections, mideast, fiscal cliff, it seems as though there's only so much flight to safety bid you can push into the marketplace. some traders say that's why you didn't notice. in the old days, it would make a difference. yields are already most accommodative from a nervousness standpoint. i will tell you it was the number one conversation. and even though it really isn't about oil, that's the market everybody is trading to of course kind of play the headlines. >> michael, how about you? how does this impact the way you're allocating capital? >> well, as you know, our strategy is about 45% in cash while the prefunctory -- what we'll have left to boost us higher. i think the market does go higher. here's why. you have $85 billion each month from the federal reserve as far as balance sheet expansion. you have negative real interest rates that will be getting even more negative. i expect inflation to take off significantly early in 2013. >> but if you're sitting on 45% cash, that says to me you're still expecting more downside here. don't you think we've already seen
CSPAN
Nov 21, 2012 1:00am EST
or walk off a fiscal cliff? and i said, you know, that issue of whether our democracy can truly function and have leaders that are prepared to make the decisions that have to be made in order for this country to govern itself is, i think, you know the issue that will determine ultimately whether we have national security. and it's the same way with the law of the seas. i go to the asia pacific region and they are having territorial dispute over these rocks out there -- [laughter] >> obviously, it's about the resources that are offshore those rocks. but they are having these dispute over these areas. and what are -- one of the arguments i make is, wait a minute. we have to maintain freedom of the seas and maintain navigation rights and some of these countries look at me and say, you know, what are you talking about? you haven't approved the law of the seas treaty. how can you tell us what the hell to do here? they're right. they're right. we are the only industrialized country that has not approved that treaty, the only industrialized country that has not approved that treaty. in order fo
FOX Business
Nov 21, 2012 1:00pm EST
of these folks are saying if we get a compromise as far as the fiscal cliff, by the end of the year this event means higher oil and gas prices, so there is a lot of indecision down here on the floor, but a volatile market with the middle east playing out. melissa: thank you so much. just in time for black friday, to survey highlights what we can expect consumers to spend this holiday season. rich edson has the story. >> americans will spend a little bit more this year, a just-released survey of holiday shopping says. the credit union national association of consumer federation of america said retail can expect a better holiday than last year, though not much better. >> our basic result is more optimistic than last year, the strongest results in the last four years, however still does not suggest a booming holiday season, but a continued improvement from the last few years. speak of a state college spending to increase from three and a half to 4% over 2011. the numbers behind that, they will spend less than last year. analysts say plenty of shoppers say they will spend less and never do. 12% ad
CNBC
Nov 21, 2012 9:00am EST
, welcome to "squawk on the street" i'm carl cramer is off today. some word the fiscal cliff negotiations are not getting off to a good start. moderate red arrows. european leaders failed to reach a bailout payment to greece and will try monday. road map starts on the busiest travel day of the year. there are signs it could be a big quarter for airline and travel, but traditional toys look weak. walmart may have protesters outside its doors on friday. >> deer misses earnings, and the market shrugs it off. >> turmoil in israel with a bomb explosion on board a bus today and a rumored cease-fire that never happened. crude is up $1 as the secretary of state has arrived in cairo. a big day full of planes, trains and automobiles with tens of millions of americans set to embark on their holiday weekend journeys. our phil lebeau is in chicago with more on the holiday travel landscape. how painful is it going to be? >> you know, carl f you're traveling, you always need a little more patience thanksgiving weekend. for the airlines, they're keeping their fingers crossed because if you look at a map
FOX
Nov 21, 2012 7:00am PST
the fed chairman to the president about thefully -- about the fiscal cliff. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. >>> consumer sentiment stalls at the end of november as uncertainty grew grew. the dow is -- uncertainty grew. the dow is up 19. nasdaq down, 1. s&p is flat. >>> the labor department released the weekly jobless report a day early because of the thanksgiving holiday tomorrow. first-time claims fell by 45 41,000 but the -- 41,000. but the number remains higher than expected because of hurricane sandy. 410,000 americans filed for initial jobless benefits last week. economists had expected the number to be higher. >>> and hewlett-packard's stock is up about .5 right now. this is after a 12% drop yesterday morning. investors started the selloff after hp's announc
FOX News
Nov 21, 2012 1:00pm PST
friday protests are planned and sandra tracking shoppers fearing the fiscal cliff. william, from lax? >>reporter: a bad travel day is a nightmare for thousands as the fastest growing union in the country is holding a protest on the business of the travel day of the year at the third busiest airport in the country. in was designed to turn this road, way you get into lamb, into a parking lot and they have succeeded. what is bad if travelers is good for the union. they are bringing publicity to an issue that local news and the media would otherwise not cover and that is basically a labor dispute with a small company employing 400 workers. they are protesting a vote by a company, by the workers, decertifying the union, throwing them out, so to speak. >> it is frustrating because they are trying to get home to their families. on a holiday. where people want to see their family. that is crazy. no notwithstanding you. that is how i feel. >> they have something to say. the constitution protects our right to protest. doesn't it? let them do it. more power to them. >> so, they are protesting t
CNN
Nov 20, 2012 8:00pm PST
" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer
CNN
Nov 20, 2012 11:00pm PST
on that. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. >>> welcome back to the second with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] good choice business pro. good choice. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to the second half of "outfront." we start with sto
FOX Business
Nov 21, 2012 11:00am EST
act together on the fiscal cliff, taxes for the vast americans will go out. 90% of households in this country will pay higher taxes if the u.s. goes off that cliff. with low income families among the hardest hit. connell: charlie wrangle, congressman from new york, he is here in studio with us. >> we have to get a deal done. it would be irresponsible for congress to go forward. most people do not know that the break that they are getting is temporary. it expires december 31. do nothing and the rates automatically go up. what about the severe cuts that we will have in the budget. this is a nightmare that we created that never should have happened. now it is on the brink of happening. in my opinion, will it happen, no. we have the option to do something justice and responsible. that is kicked the whole thing off to next year. believe me, the country is facing such a terrible crisis. dagen: even if they broker a short-term deal, it goes for six months, what about the hope of overall tax reform? isn't that better to get a short-term deal and then do something more sweeping and per
FOX News
Nov 21, 2012 12:00am PST
. >> this is why we need a solution to the fiscal cliff. >> it comes down to the fiscal cliff. government spending. it is part of the sequestration. >> this is the whisker cliff. >> i am not sure sex change operation is part of the sequestration. >> there was a joke on that phrase, but i will let it pass. >> you can think of one? >> i did. bill, are you naturally hairless which is envied by all. >> he actually got a goatee that is all filled in today. >> thanks for noticing. it is here for all to see. >> looks like you like took an oreo cookie and crumbled it in a bowl and then put your face in it and then went like this. and then you say i just made a goatee out of oreo cookie crumbles. >> and i got a lot of carbs in me as well. >> do you have any comments on the story? >> there is a dividing line. unlike what lori said so uneducationally wise. >> what is that word? >> i minored in grammar. there is a difference. if you are a transgender i believe they are called, there is a difference between the ornamental and the fundamental. female genitalia that is fundamental to being a woman. hairless is n
FOX Business
Nov 21, 2012 5:00pm EST
because of the fear of the fiscal cliff and higher taxes. in some cases they are laying off, those are troublesome things. even if they resolve the fiscal cliff, higher taxes will mean less spending in the economy and less reasons to invest and hire more people. melissa: i don't even think resolving the fiscal cliff would make that much of a difference because businesses still face uncertainty scare them of making decisions. first it was about obamacare, and they were so upset and didn't want to spend any money. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans t
MSNBC
Nov 21, 2012 7:00am PST
are working on, no progress on the fiscal cliff either. congressional leaders are taking a holiday breaks from the talks, but staff members have not been encouraged by their early huddles. let me bring in politico's deputy white house editor and joanne green, managing editor of the brie owe and msnbc contributor. good morning. >> good morning. >> we'll get to the situation in the middle east in just a minute. i want to start with the fiscal cliff and politico's front page today. "rough start for fiscal cliff talks." looked like everything was going really well after that first meeting. now that the dealing is really getting under way, the sources tell politico neither side seems actually all that serious. what's going on here? >> our reporting shows that despite the politics of the seeming to suggest that a deal should be struck and despite the meeting that happened with the congressional leaders at the white house last week that had everybody walk out of it and use the word constructive and talk about how nice the meeting was, when they've gotten down to brass tacks and what would have to be
FOX
Nov 21, 2012 6:00am PST
an agreement of tax increases and spending cuts in the so-called fiscal cliff. without a deal the fiscal cliff could trigger a recession next year and congress must act by january 1st in order to avoid that automatic tax increase and spending cuts. >>> time is 6:15. a new stumbling block for hillary clinton's chances to reach a middle east cease fire. a bus explosion in tel aviv. alison burns is live in our washington, d.c. newsroom. alison. >> reporter: dave, we received a statement from the white house within the past hour calling the attack on innocent civilians outrageous. israelis say it was a terrorist attack the bus bombing in tel aviv hurt at least 18 people. three seriously. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who is in egypt at this hour also issued a statement saying the u.s. strongly condemns the attack and ready to provide any assistance that israel requires. secretary clinton is is calling for a truth and longer term agreement. >> the goal must be a durable outcome that promotes regional -- >> reporter: prior to the bus b
MSNBC
Nov 21, 2012 9:00am PST
that is productive and happy. >> and back at you all. >> thank you. >>> who do you trust more on the fiscal cliff? ben bernanke or rush limbaugh. rush thinks he holds some cards in the looming negotiations. can congress cut out the middlemen, the drama and make a deal? we will discuss next on "now." look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine.
MSNBC
Nov 21, 2012 3:00am PST
finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial risk to the economy. according to a new study the fiscal cliff could give 90% of americans new tax bills when the bush tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016. >> we could do that as well. how are you doing, willie? >> i'm doing well. >> good. just two weeks after the longest -- >> thanks for stopping by. >> doing well. >> you know, just two weeks after the longest, most expensive and exhausting
MSNBC
Nov 20, 2012 7:00pm PST
. >> the gop post election fallout continues on a couple fronts. >>. >> the fiscal cliff is getting shorter and shorter. >> voters agreed with me on this issue. >> more than congressional republicans. >> we don't understand. >> americans didn't vote for dysfunction. >> the voters agreed with me on this issue. >> they voted for government that works. >> we don't understand why raising tax rates is the solution. >> can party leaders get a deal? >> impossible. >> all this talk about taxing the rich is nonsense. >> grover norquist. >> you speak of grover norquist. >> he's an entertaining warrior. >> pledge mentality is really on the run right now. >> speaker boehner clearly wants a deal. >> he can't have one arm tied behind his back. >> the top 1%, only 42% of the wealth. >> 48.5 million people lived below the poverty level. >> we should ask the wealthy to start paying their fair share. >> the american sense of fairness, no one should pay more than 25%. >> today's republican party has imploded. >> they are in denial. >> they are looking for someone to blame. >> grover is no longer speaking for
CSPAN
Nov 21, 2012 12:00pm EST
and didn't. >> we weren't going to get the negotiations required to sail off of the fiscal cliff. >> there's the tax hike romney's question i consider them very different projects. obama is trying to put them together. the same way he wants you to -- what i hear is that one or all of them will be sailing off january 1st and the quit jumping medicare because they get 30% less i believe the member is the payroll taxes go up which weeks all the people of that have never heard of the sequester. i am having a very difficult time visualizing with what february looks like when the press gets a hold of this and then all of a sudden we also have the debt limit. i just can't see what we are going to do. >> the debt limit is an additional tool to explain to obama that he isn't the king and like henry viii you have to go to the parliament for money. he might want to nationalize monastery's but i don't think he can get as much these days as back then with that approach so he has to go to the parliament, has to go to congress for the resources for the debt ceiling, for all of these things. and look it w
CNBC
Nov 21, 2012 4:00pm EST
and into year end. >> well, you have the fiscal cliff. you have the political class. they have to work out some of these budget issues, but sort of beyond the near term, maria, i think they're two underpinnings that are supporting the market. they were in place preelection. hopefully you sort of get through some of these political negotiations. you get back to some of the better underlying fundamental news and some of this volatility starts to dissipate and we start to turn higher. >> rick, you agree with that in terms of the catalyst for this market? you think we get a deal done by year end? >> i don't. i don't. i don't agree with much of what's out there. i think we can get the framework for a grand bargain before the end of the year, but i think that's 50/50. and many analysts, economists, and politicos don't believe there's grand bargains in the cards at all. i do. i think there's so many issues with congress out that i think are going to come to the table to make both sides have a pretty good handle over the other. i think debt ceiling is a big deal. i think that mr. boehner has talked abo
CNBC
Nov 21, 2012 4:00am EST
the fiscal cliff. >> the economic confidence of both market participants and the general public will actually be influenced by the extent to which our political system proves able to deliver a reasonable solution with a minimum of uncertainty and delay. >> peter schiff says bernanke and the fed pose a bigger threat to the u.s. economy than the fiscal cliff. >> if it wasn't for his accommodation, all the qes, we wouldn't have to go over the fiscal cliff. in fact, ultimately, because of what the fed has done, we're going to have to go over a much bigger cliff as part of the solution to solve the problems that the fed helped create by allowing the government to get so big. >> is that fair, craig? >> it certainly is fair that long-term, what we've done with monetary policy could be a challenge. it could be a very big challenge. i don't think saying that if we -- if the fed hadn't done what they'd done, you wouldn't have to go off the cliff. i think you still have to deal with the fact that government spending has been too fast over the past -- well, since the recession ended. our gdp has grown at
PBS
Nov 20, 2012 7:00pm PST
it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight mont
CSPAN
Nov 20, 2012 8:00pm EST
tightening built into law, the so-called fiscal cliff. the realization of all the automatic tax increases and spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat to recovery. indeed, by the reckoning of the congressional budget office, and that of many outside observers, a fiscal shock of that size would send the economy toppling back into recession. second, early in the new year it will be necessary to improve and increase the federal debt limit to -- approved an increase in the federal dedead -- debt limit. the threat of default in the summer of 2011 fueled economic uncertainty and badly damaged confidence even though an agreement was ultimately reached. a failure to reach a timely agreement this time around could impose even heavier economic and financial costs. as this policy makers face these critical decisions, they should keep two decisions in mind. first, the federal gobudget is on an unsustainable path. the budget deficit, which peaked 2009, is expected to narrow further in the coming years as the economy continues to recover. how
CNN
Nov 20, 2012 4:00pm PST
-searching is getting serious. a naval gaze of all naval gazes. and chairman ben bernanke on the fiscal cliff. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. just unroll it, fill, top, bake, and present. that must have taken you forever! it was really tough. [ female announcer ] pillsbury pie crust. let the making begin since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ remin
CSPAN
Nov 20, 2012 11:00pm EST
at different levels. we are now facing biggest threat through sequestered. janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country. that would just move us -- essentially move us backwards on whether the goal is closing achievement gaps come increasing high school graduation rates, increasing college access and college completion. our biggest challenge in the short-term this lame-duck lame-duck session this to work together with groups like the urban league and national council to come up with a balanced approach to deficit reduction. as genocide, as people who can pay more to do so without balancing the budget on the backs of children and students and worki
FOX News
Nov 20, 2012 6:00pm PST
republicans who are willing to go over the fiscal cliff rather than cave to the president's demands for higher taxes? >> i think the only people you've heard willing to go fiscal cliff, senator patty murray said that because they have one intended purpose is to raise tax rates. if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands on the video of a fire tornado. the man explains why, he won't give it up coming up. >>> you may have seen this stunning of a fire nado by independent videographer. this also caught the eye of pal al gore and protector of the planet and his office has been putting to license on the footage to put their baseless global warming agenda on
FOX News
Nov 20, 2012 7:00pm PST
chairman ben bernanke is calling on washington to strike a deal averting the fiscal cliff. he said a failure to do so could cause heavier and financial costs than the debt debacle of last year. hogstess, they will go to mediation to try to resolve their differences and save 18,000 jobs. holidays apparently such a source of financial stress 45% of those surveyed said they would rather skip. 45% use layaway programs as way to handle the financial burden. log to to fox business.com giving you the power to prosper. >> greta: obamacare may be the law of the land but that is not stopping many republican governors. they are still keeping up their fight. mary fanlon is not giving up the fight. the governor joins us. nice to see you? >> nice to see you. >> greta: tell me why don't you want to set up a stated exchange and defer to the default one? >> well, basically oklahoma said thanks but no thanks. we have a disagreement where the obama administration and the affordable healthcare act and in the state of oklahoma, they voted by a large margin, almost 65% we oppose many portions of the aff
FOX News
Nov 20, 2012 10:00pm PST
is heading off a fiscal cliff. congress is going back into a lame duck session. we don't know what is going to be happening other than we know we have a huge fiscal crisis on our hands. we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half ago the congress and president and senate didn't do this work and pushed it up against a deadline. the reason you don't know what is happening with the state guidelines, they had a healthcare claw lau for two years. i know you are a member of congress but nobody is doing any work to get anything done. frankly if you don't know what the rules are, how can you set up the exchange on the promise they are going to do it right late
FOX Business
Nov 21, 2012 3:00pm EST
. the cease-fire right now, keeping that in perspective. the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe. we still have problems with greece, still a lot of rhetoric coming out, no true sign of relief for the euro sign. anything across the pond you're watching right now? >> monday we will see the euro central bank and the imf will hold hands together and say we will extend another two years, that will be it. also, spain sitting in the background, they are not doing anything. are they waiting for their fiscal cliff? one of the places we're looking at, japan. there is an election coming up in the middle of december. what we are seeing is the japanese yen devaluing. one of the things we need for their economy is exports. they have been horrible. look at electronics companies rig
MSNBC
Nov 21, 2012 11:00am PST
the likelihood of one of the 20 the people -- >> primaries again. now let's talk about the fiscal cliff and house and senate leaders expected to meet with the president next week and hopefully negotiations will continue. staffers reportedly have made little progress over the last week. politico is writing this saying that the gop's opening offer, the sources said would freeze the bush era tax rates, change the inflation can clated for entitlement programs, keep the estate tate at 2012 levels and overhaul of the tax code and not provide a revenue target. martin, if this is the starting point, if that's the starting point -- are republicans as serious about compromise as they claim? >> that offer's like the sticker price at a car dealership. >> with room. >> you know you won't pay that and then the big question unanswered now is will republicans budge on rates or revenue? we have to distinguish. republicans are open to increasing tax revenue by a cap in deductions, closing loopholes and so far they haven't shown willingness to moving tax rates up for upper income americans. do they talk about entit
CNN
Nov 21, 2012 2:00am PST
the uncertainty, the u.s. fiscal cliff. no talks this week in washington with congress on a recess and the president traveling and the conflicts in the middle east fueling volatility. oil prices up three quarters a percent in electronic trading. and it is looking more likely that hostess will shut down after mediation talks with union workers that failed yesterday. there's a bankruptcy hearing scheduled for later today. we'll find out the fate of hostess. 18,000 people and their jobs are at risk if the company liquidates and hostess could sell their recipes to pay off their creditors. if the company is liquidated, it looks very likely it would close 33 bakeries, 565 distribution centers and 55-00 delivery routes and 570 bakery outlet stores in the u.s. and what does it take to be in the top 1%? what do you make to be a 1% one percenter? the average one percenter earns 1.12 million dollars a year. >> it's at the heart of the fight of the taxes and all that. >> the one percenters. >>> they are pilots who never leave the ground. coming up, cnn is on the ground in israel. an up-close l
CSPAN
Nov 21, 2012 5:00pm EST
to divert the so-called fiscal cliff. robert greifeld speaking at the brookings institution in washington on monday. last friday% obama met to discuss a plan for avoiding the fiscal cliff. [inaudible conversations] >> good afternoon. my name is glenn hutchins. a vice-chairman networking spirit of i'd like to welcome everybody here today. congressman oxley, great pleasure to see you. i've got to cut our remarks on sarbanes-oxley now. it is my great pleasure to welcome my colleague and friend, bob greifeld, cto of nasdaq to brookings. there's no doubt he's a successful business executive under his two valued brookings has increased by a factor of four. six dollars per share to $25 per share. gone up to 1.7 million. cash from 800 million major and is taken over the niche market in the united states and made it one of the most important global markets. 10 clearinghouses around the world. that is the facts. those are very straightforward and he is a track record to be proud of. the market he is built, however, is the reason why we've asked them to be here today. the nasdaq stock market list 32
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